11 COMMENTS

Yeah, the blockchain is raising eyebrows as intimidation begins to set in…. They're starting to understand the potential of Bitcoin to render their criminal enterprises obsolete. Now they're running around like headless chickens, scrambling to catch-up before the masses actually discover the scope & scale of what Bitcoin actually means to the world. It is at the point when the remaining internal software issues (scaling, etc.) with Bitcoin are solved, that humanity will (for the first time ever) finally be able to deliver a meaningful "fuck you" to wall-street criminals and global banksters.﻿

If you can control 51% of bitcoin mining; you might get away with double spending bitcoin you control but the bitcoin community will spot this and you risk losing all the valuable mining rewards you have collected and tanking the price temporarily. So that will be an absolute stupid think to do with your 51%; just carry on mining and BitCOIN it.﻿

The 51% attack scenario has been largely discussed and debunked as a useless and very expensive way to not do much damage at all till it is noticed by the rest of the btc community and the rogue blocks are orphaned and ignored by the blockchain.﻿

Empowering and welcoming to the game to billions of unbanked people. And the blockchain peer-to-peer open source decentralized secure technology will be used for many more applications, like escrow, contracts, voting, global ledger, etc.

Bitcoin is backed by mathematics, open source code, cryptography and the most powerful and secure decentralized distributed computational network on the planet, orders of magnitude more powerful than google and government combined. There is a limit of 21 million bitcoins (divisible in smaller units). Dollars are not backed by gold anymore since long time ago, they are printed by the trillions out of nothing by the private institution called "Federal" Reserve.

Receive and transfer money, from cents (micropayments) to thousands:Almost for free (a few cents fee).Privacy (no need to expose personal information)Securely (encrypted cryptographically)Instantly (from seconds to a few minutes)Open source (auditable by anybody)Worldwide (from anywhere to anywhere on the planet).Peer-to-peer (no intermediaries with a cut)Public ledger (transparent, seen by everybody)Decentralized (distributed with no single point of failure)No chargebacks-No fraud ('push' vs' 'pull' transactions).﻿